• General
  • Trading
  • Science & Technology
  • Fashion
  • Health & Safety
  • Games
  • Key Issues
  • Legal & Judicial
  • Home
  • About Us
  • Contact Us
  • Submit News
  • Sitemap
Nepal News Gazette
Menu
  • General
  • Trading
  • Science & Technology
  • Fashion
  • Health & Safety
  • Games
  • Key Issues
  • Legal & Judicial
 › Trading › Samsung Electronics Unveils Q3 Earnings, Vice Chairman Joins Board

Samsung Electronics Unveils Q3 Earnings, Vice Chairman Joins Board

nepalnewsgazette.com October 27, 2016     Comment Closed     Trading

Sales and operating profits for Samsung Electronics are all down for the third quarter.

The company posted 47-point-eight trillion won in third-quarter sales, down seven and a half percent from last year.

Samsung's Q3 operating profits plunged 29-point-seven percent from last year to five-point-two trillion won.

Just since the second quarter, Samsung's sales have dropped by more than six percent and operating profits have dipped more than 36 percent.

These are the lowest quarterly operating profit figures for Samsung Electronics in two years.

The company was hit badly by the recall and production halt of the Galaxy Note 7 smartphone.

Some of the losses were offset by more than 4 trillion Won in operating profits from semiconductors and flat panel displays.

Separately, shareholders of Samsung Electronics have approved the nomination of Vice Chairman Lee Jae-yong to the board of directors.

It's the first time in eight years for a member of the conglomerate's family to sit on the corporate board since Lee's father, group Chairman Lee Kun-hee retired from the board amid a prosecutor's investigation in 2008.

Source: KBS World Radio

Trading

 Previous Post

Ruling Party Decides to Seek Independent Counsel on Choi Scandal

― October 26, 2016

Next Post 

Parties Mixed on Park’s Order to Resign

― October 29, 2016

Author: nepalnewsgazette.com

Related Articles

nepalnewsgazette.com ― January 21, 2021 | Comment Closed

NOC provides employment to acid attack survivors

Nepal Oil Corporation (NOC) has provided jobs to two women who survived acid attack. The NOC provided the job for one year under its corporate social responsibility.The beneficiaries are Pabitra Karki from Okhaldhunga and Basanti Pariyar from Nawalpar...

nepalnewsgazette.com ― January 21, 2021 | Comment Closed

Export increases in first six months of current fiscal year

nepalnewsgazette.com ― January 20, 2021 | Comment Closed

Rs 665 billion required for reviving country’s economy

nepalnewsgazette.com ― January 20, 2021 | Comment Closed

Agriculture sector has weakness in data: Secretary Dr Mishra

nepalnewsgazette.com ― January 18, 2021 | Comment Closed

Sugarcane farmers to stage another round of protest if not paid on time

nepalnewsgazette.com ― January 18, 2021 | Comment Closed

NOC decides to halt fuel import from Raxaul depot

nepalnewsgazette.com ― January 17, 2021 | Comment Closed

Price of yellow metal goes down

nepalnewsgazette.com ― January 15, 2021 | Comment Closed

HIDCL makes investment loans of Rs 10.8 billion in 13 hydropower projects

Advertisement

Search News

Categories

Monthly Archive

Calendar

January 2021
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Dec    

Key Issues

Basnet selected coordinator of Press Organization

― January 21, 2021

Cadres’ supporters’ role impt. in party: CM Pokharel

― January 21, 2021

House of Representatives was dissolved as situation of horse trading emerged: PM Oli

― January 21, 2021

President expresses confidence Nepal-US ties will be deepened during Biden’s tenure

― January 21, 2021

Human Rights

Call to protect the life of Ganga Maya

― January 21, 2021

HoR dissolution-Hearing Continues

― January 21, 2021

NHRC urges for immediate payment to sugarcane farmers

― January 20, 2021

Seven involved in timber smuggling busted

― January 18, 2021

An adolescent girl dies of HIV infection

― January 18, 2021

Advertisement

As this website is one of the renowned online
news websites of the country, it has the status to determine the path to follow for both local and regional news industries.

Follow Us


Browse By Pages

  • Home
  • About Us
  • Contact Us
  • Submit News
  • Sitemap

Categories

  • General
  • Trading
  • Science & Technology
  • Fashion
  • Health & Safety
  • Games
  • Key Issues
  • Legal & Judicial
  • Home
  • About Us
  • Contact Us
  • Submit News
  • Sitemap
© Copyright 2021. All Rights Reserved. Nepal News Gazette